Oil prices hit new high

Oil prices set a new record high today as production problems caused by Hurricane Ivan continued to weigh on the market.

Oil prices hit new high
Tue, 05 Oct, 2004 - 13:59

Oil prices set a new record high today as production problems caused by Hurricane Ivan continued to weigh on the market.

The cost of a barrel of crude oil in New York broke through the previous high of 50.47 US dollars set last week to reach $50.60.

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